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  • #1,108,181
  • Edited 10:42am May 4, 2017 10:23am | Edited 10:42am
Quoting JBrownACU
{quote} Yes Forex Fundamental Analysis. Fundamental analysis is the interpretation of statistical reports and economic indicators. ... Forex traders must pay close attention to economic indicators which can have a direct and to some degree, predictable effect on the value of a nation's currency in the forex market. But what I'm saying is that just because we expect the fundamentals to result in a move, doesn't mean it will happens. How often do you see guys get pissed on here because of news reacting the complete opposite of what the expectation...
Look they turned this mental illness into a belief system, it's like a religion and according this guy, we must be slaved to it's observation of lagging indicators that may or may not be effecting the market! It's like voodoo. You might as well be interpreting the future of markets by inspecting the entrails of a dead goose. You'll get the same results lol. Time to pull trading out of the dark ages. every second spent pondering the validity of theoretical indicators and old data is time you could have been learning the wave principle by R.N Elliott Everything else is Ancillary.

Fun Doh Mental

Sorry for the attack, I'm a special case, just work with me on this.
Founder of Sutherland Wave Principle
  • #1,108,182
  • May 4, 2017 10:26am May 4, 2017 10:26am
short at 1.0945 tp at 1.0920 LETS GO BEARS! draghi dovish like last time?
  • #1,108,183
  • May 4, 2017 10:29am May 4, 2017 10:29am
Quoting Redpips111
short at 1.0945 tp at 1.0920 LETS GO BEARS! draghi dovish like last time?
be careful. hilmy83 is waiting for you
  • #1,108,184
  • May 4, 2017 10:29am May 4, 2017 10:29am
This goes to atleast 1.0975 today..
  • #1,108,185
  • May 4, 2017 10:30am May 4, 2017 10:30am
Quoting Redpips111
short at 1.0945 tp at 1.0920 LETS GO BEARS! draghi dovish like last time?
technically yes... all eyes see in one direction i guess.

But fundamentally unpredictable for me.. hehehe
  • #1,108,186
  • May 4, 2017 10:37am May 4, 2017 10:37am
Quoting suthmo
{quote}Look they turned this mental illness into a belief system, it's like a religion and according this guy we must be slaved to it's observation of lagging indicators that may or may not be effecting the market! It's like voodoo. You might as well be interpreting the future of markets by inspecting the entrails of a dead goose like in Egyptian times. Bout the same results lol. Time to pull trading out of the dark ages. every second spent pondering the validity of theoretical indicators and old data is time you could have been learning the wave...
Please explain how macro hedge funds can operate profitably then.
  • #1,108,187
  • May 4, 2017 10:38am May 4, 2017 10:38am
Quoting Deitreider
{quote} Please explain how macro hedge funds can operate profitably then.
Do they not employ technical traders?
  • #1,108,188
  • May 4, 2017 10:40am May 4, 2017 10:40am
Technically it want go up, but Draghi love the weak euro.
So who have hard balls?
  • #1,108,189
  • May 4, 2017 10:41am May 4, 2017 10:41am
Quoting eatthis
{quote} Do they not employ technical traders?
Sure there are some technicals involved, but direction is determined from the macroeconomic enviornment. Hence the designation - macro fund.
  • #1,108,190
  • May 4, 2017 10:45am May 4, 2017 10:45am
Quoting Deitreider
{quote} Sure there are some technicals involved, but direction is determined from the macroeconomic enviornment. Hence the designation - macro fund.
I have heard this so many times.
Who are those mysterious macro guys, and what methods are they exactly using?
  • #1,108,191
  • May 4, 2017 10:46am May 4, 2017 10:46am
I'm trying to catch the falling knife here, gold has put down @ 1228 and now pulled back 61.8% I'm preying for lift off! Have weak entry at 1230 little bit negative here as it's down at the fib area...

Quoting Deitreider
{quote} Please explain how macro hedge funds can operate profitably then.
My condemnation overlooks all the positives of this style of trading, every system will have it's merits, I should not have been so scathing in my attack. I just think it's a reactionary it's very hit and miss. But over time can be navigated and made use off I'm sure. It's just not definitive enough for me.
Founder of Sutherland Wave Principle
  • #1,108,192
  • May 4, 2017 10:53am May 4, 2017 10:53am
Quoting JBrownACU
{quote} Yes Forex Fundamental Analysis. Fundamental analysis is the interpretation of statistical reports and economic indicators. ... Forex traders must pay close attention to economic indicators which can have a direct and to some degree, predictable effect on the value of a nation's currency in the forex market. But what I'm saying is that just because we expect the fundamentals to result in a move, doesn't mean it will happens. How often do you see guys get pissed on here because of news reacting the complete opposite of what the expectation...
Price does not move based on fundamentals. Price move on traders decisions to buy or sell the market.

Inserted Video
  • #1,108,193
  • May 4, 2017 10:54am May 4, 2017 10:54am
Quoting eatthis
{quote} I have heard this so many times. Who are those mysterious macro guys, and what methods are they exactly using?
There are quite a few (http://www.barrons.com/articles/best...223924?tesla=y). In a broad sense they analyze the macroeconomic landscape to predict the future. It's not simplistic news trading. Rather looking for broad emerging macro themes and positioning in time.
  • #1,108,194
  • May 4, 2017 10:56am May 4, 2017 10:56am
Rocket to 1.1297?
  • #1,108,195
  • May 4, 2017 10:56am May 4, 2017 10:56am
Quoting suthmo
{quote}Look they turned this mental illness into a belief system, it's like a religion and according this guy, we must be slaved to it's observation of lagging indicators that may or may not be effecting the market! It's like voodoo. You might as well be interpreting the future of markets by inspecting the entrails of a dead goose. You'll get the same results lol. Time to pull trading out of the dark ages. every second spent pondering the validity of theoretical indicators and old data is time you could have been learning the wave principle by R.N...
Since you've studied elliot, why dont you go ahead and post a chart view and count the waves for us.
  • #1,108,196
  • May 4, 2017 10:57am May 4, 2017 10:57am
Quoting fantasma
{quote} Price does not move based on fundamentals. Price move on traders decisions to buy or sell the market. https://youtu.be/Rgbc31jvL6o
Can find no evidence of this either. Show me the proof?
Founder of Sutherland Wave Principle
  • #1,108,197
  • May 4, 2017 11:00am May 4, 2017 11:00am
Quoting Deitreider
{quote} There are quite a few (http://www.barrons.com/articles/best...223924?tesla=y). In a broad sense they analyze the macroeconomic landscape to predict the future. It's not simplistic news trading. Rather looking for broad emerging macro themes and positioning in time.
I still wonder what methods they apply. Here is only a list of their directional biases.
  • #1,108,198
  • May 4, 2017 11:01am May 4, 2017 11:01am
Will we find resistance for bears to sell at 097 ?
  • #1,108,199
  • May 4, 2017 11:03am May 4, 2017 11:03am
Quoting The_Roman
Will we find resistance for bears to sell at 097 ?
it will breakout resistant i see
  • #1,108,200
  • May 4, 2017 11:05am May 4, 2017 11:05am
Quoting mahooo
{quote} it will breakout resistant i see
same moment it spiked up lol
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